People these days are so broke, they have no retirement, are not even making it paycheck to paycheck, wages are so low, if they have a job.

I might direct you to over existing home sales overview. Pretty much on every NAR statistical release I poke holes in what they claim, this month, not so much. Housing, residential real estate generally I find absolutely ridiculous with the lack of the obvious. People need good, full-time, stable jobs to buy a home and in the U.S., basically the middle class has disappeared.

Anyway, check out the foreign buyers of existing homes in that overview. Since they wiped out the U.S. middle class they are looking at residential real estate as something to "export/import", at least some are.

Today CNN blares "Hispanics suffer under racial profiling AZ. Law," while ignoring the mass destruction labor arbitrage is doing to the US daily because it suits their political agenda. Meanwhile, the fact remains that legal American citizens of ALL RACES are suffering tremendously under this labor arbitrage and are themselves blamed by fellow citizens that haven't suffered yet (it makes them think they will never suffer and only bad people are unemployed) and those who benefit from pitting people against each other (i.e., those in the power positions). So while blue collar and white collar jobs are systematically sent overseas, or given to foreigners who move here, or given to those here illegally, Americans with all sorts of tremendous experience are ignored and blamed.

Does it really take that much thought to understand why a 45-year old "overqualified" unemployed engineer might not be too gung-ho about a substitute teaching job that pays $10/hr. as his only source of income? Or a student with $120,000 in debt for multiple degrees might be a little pissed about being asked to intern for free and then being called "entitled" when he says "F*** You" for someone making the request? Or an attorney with 15 years of experience is a wee bit perturbed when he was fired so that a replacement approved by the ABA can now do his job in India because the ABA approved outsourcing and the 40 year old has a family to feed? But if he collects food stamps, he's a "loafer" and "lazy." Huh? How about a vet injured overseas who is now told, "Go to North Dakota. What are you, lazy, I hear North Dakota has jobs falling from the sky!" Yes, the injured vet, who thought he paid his dues and served his country, now must move to North Dakota for a possible job without a place to live or family because if he doesn't, he will be labelled lazy!

Rumor was back in the days, people could graduate high school and find a great job, retire after 30 years, raise 2-4 kids, pay for their college, and take vacations. Or go to college, get a BA or BS in any number of subjects (not just STEM - before outsourcing and visas), marry, have one spouse work, and enjoy life, switch careers, and advance in that new career too without a hitch.
Now, with more education, more debt, more suffering, the people in the position least to be blamed are the first ones to be looked down on despite doing everything right. Isn't this what breeds revolution? A well-educated middle class that has no chance not even for advancement, but even for survival?

Ah yes, the old "We're a Nation of immigrants" line. Classic misdirection by fools and political traitors for other fools. Guess what? We were a Nation of LEGAL IMMIGRANTS AND LAWS - not illegal aliens, H-1B scammers and the companies that buy more and more H-1Bs and other visas (other websites deal with Infosys, HP, Microsoft and the scams solely), and massive floods of ILLEGAL ALIENS. Illegal alien is not the same as someone going through Ellis Island or other legal process. You know why? Because the USG set immigration policy, enforced it, and returned many, many immigrants for lack of skills, communicable diseased, and many other reasons. There was a law and there was enforcement - THUS, RULE OF LAW! Americans were working in droves, the economy was booming, and there was no H-1B crap. And when there was a panic or recession or depression, the govt. responded to the American citizens, not its paymasters in New Delhi, Beijing, or some traitors in a corporate boardroom for more and cheaper labor (the more non-American, the better). These liars and corrupt traitors will never compare Red China's immigration policies or Indian's immigration policies or Sinapore's or Mexico's policies to ours. They will never talk about the tariffs these countries impose on imported goods. Ever try to work in Japan or Indonesia or Singapore or India as an undocumented foreign worker in IT or low-paging jobs? Ever try to cross the border illegally into Russia or the PRC or Vietnam? You know what the repercussions are for breaking those country's law are? Do you think these countries are as beholden to corporate traitors and others that don't care about their own citizens? These comparisons aren't made and made daily by the MSM and corporate boardrooms, their puppets, and those select other leaders (e.g., some unions) because they know they lose the rule of law argument. They want power and $ at the expense of their won citizens.
WE ARE AWARE, WE KNOW, AND WE ARE SMARTER than the traitors. But being honest, hardworking Americans that had no desire to screw over fellow citizens, we had no desire to go into politics, unfortunately, the people that only care about $ and power step on others on their way to the halls of "power" and boardrooms and HR suites. These people are, in most circumstances, no smarter or harder working than the average American, they just care less about others, "their" (only in the sense of a piggybank) country's future, and more about enriching themselves at the expense of others. Models? In no sense of the word. The rule of law should be the model, but that is no longer the case because the branches of govt. have been rented, if not outright bought.

-KURTZ

Damn, who would have thought, crack addicted gamblers that own the pit bosses and casino management and law enforcement won't give up crack or gambling? Especially when people who don't use crack or gamble have to finance the gamblers when they lose and don't get to share in any of their winnings? Who thinks the gamblers will ever give up their actions . . . EVER? Why would they, no repercussions, no rebukes, no prison, and the casino and enforcers are completely owned by crackheads while those who never stepped foot in a casino ever are forced to fund their drugs, gambling, and whores against their will. And to top it off - the upstanding non-gamblers are called lazy idiots and unemployed scum by the crackhead gamblers and casino management (actually, casino management does criticize the American public on MSM and praise the crackhead banksters). It's good to be a crack-addicted moron gambler - "best and brightest" - oh absolutely, "best and brightest."
The comparison to the mob is not apt, they wouldn't tolerate degenerate gamblers when they couldn't payoff their own bills, there never was public backing and the enforcers kept these mutts in check. Now, there is no check on these idiots, they own DC and NYC and everywhere else while the citizens that respected the rules deal with the repercussions against their will.
-KURTZ

BOA robosigns foreclosures leading to personal tragedies, suicides, homelessness, well screw them, pull your funds and go to your local credit union. Who would have the balls to enter into a 30 year mortgage (assuming one could find a job in 2012) with a known criminal organization like BOA or Wells Fargo or Chase or someone else? Who could ever trust them?
Same with Well Fargo killing thousands of jobs and moving them to Bangalore (or New Delhi) and Manila, fraudulent foreclosures, etc. Same with Chase that had massive security breaches because they don't care about customers' information, but only care about raping them financially. What, outsourcing data has implications to customers' security? Shocking!
Companies like American Express, GE, Boeing, Gulfstream in GA., FTI Consulting, state and federal govt. post fake jobs, f' them, post the information so the 30 million Americans unemployed in 2012 can pull this "GOING GALT" crap on them - payback. Bloomberg hired his sister for a city job and has his daughter working for him, but nepotism is bad, so my elementary school teacher told me.
USA Jobs posts fake ads to be filled by some dolt, well write to every single HR person involved and your US Senator and Rep. and bug them until they have no choice but to listen.
These scoundrels are blaming fellow Americans for massive unemployment, they are calling them lazy, uneducated, drug addicted losers who don't deserve to live the American dream while these criminals pull a "capital strike" while most certainly continuing to collect $20 million paydays (just look at JC Penney's recent failure of a CEO - scorch and burn management).
Your pension invests in hedge funds that pay the managers 2% of all assets under management in addition to 20% of all profits?! Guess what? That's a losing proposition that merely robs the public servants who have no choice. Write to your AG and Governor and pension administrator and demand to know who decided to invest in hedge funds, how the decision was made, and why the Hell 2% + 20% is a fair deal to public servants who are being fired left and right. FOIA, it's there for a reason.
Capital strike? Yeah, Ayn Rand, there's a role model for morons. Same as Gingrich is a model for being loyal and a man of the people or Obama is someone who knows life as a factory worker or Romney knows how to pull himself by his bootstraps (if your father was a Governor). D & R, equally useless, equally corrupt, equally beholden to the 1%.
These are all clowns so let's treat them as such. Payback, Bozo, payback.

Given this news, should't we be at DEFCON 2 or 1 like 2007 already? I mean Dick Bove, master bankster shill on CNBS and Bloomberg, was busy saying Moody's was bad for doing this and banks were still awesome (just like he's been saying since 2007, same with Kudlow, etc.). Bloomberg etc. were shrieking last night. But bank stocks went UP today?! Really? It's like when Bloomberg runs headlines at the bottom saying "China's economy slowing down," but then says "China's economy picking up," or "gold seen falling on imminent deflation" and then the next "gold seen rising on imminent inflation." Complete joke, even the media doesn't know how to play these blatant manipulations. Sure, banks have no $, will be crushed by trillions in derivatives - why not shoot up 50000%. Well, when things are good, thing are good for banksters and CEOs, and when things are really, really, really bad, it's also good because the Feds and Eurocrats have to goose the markets up. Heads they win, tails they win, we lose every time.

Mega evil and I saw that announcement. We have various labor arbitrage events going on, such as Obama expanding the U.S. college educated displacement program, OPT, abuse of L-1s and so on, so I will try to do a round up of statistics on all of these things and write them up.

The fly by as press releases, 10,000 here, 500 here, 20k over there. They add up at a time we can least afford to lose even more jobs.

Despite my own bearish disposition I can say with some certainty that home sales in the mid-west and east coast are 'peppy' (As in homes are actually being sold). 30 year mortgages below 4% are the likely culprit. The lower rates go, the more people are qualified to hold the loans. I talked with someone who managed a rental property and he was losing several long time renters to recent home purchases.

So on the surface (and it's been a long time coming), twist has worked to at least temporarily stabilize housing. Still a person without a job cannot afford any housing.

When I overview a statistical release, I try to just stick to the numbers but do try to make them "speak for themselves". That said, I saw the openings rate for "professional" positions being 4.2% and that includes STEM where we know there are many, many fake job ads.

Anyone who bothered to investigate knows this, or anyone in STEM knows this, but I'm fairly certain the JOLTS survey just takes businesses reported job openings at their word. i.e. they are not adjusting for employers claiming their are job openings when they are not hiring de facto or pushing tons of fake ads to bring over more foreign guest workers.

Why I mentioned it. i.e. you are right.